FRANKFURT—In most countries, it would be a recipe for a banner holiday shopping season: unemployment at near-record lows, wages on the rise, consumer sentiment at a six-year high and borrowing costs at a low.
But in Germany, shoppers are expected to stick to their parsimonious habits despite their economic good fortune—highlighting the lackluster domestic demand that has recently been a focus of international criticism.
The…
Original post: Christmas Splurge? Germans Say Humbug
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